Rox Resources Limited (AU:RXL) has released an update.
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Rox Resources Ltd has delivered a promising Pre-Feasibility Study for its Youanmi Gold Project, showcasing the potential for a high-grade, high-margin operation with an estimated 7.7-year mine life and a low AISC of A$1,676/oz. The company has also commenced a Definitive Feasibility Study to further explore this opportunity and enhance resource definition through extensive drilling. With new leadership and a solid cash balance, Rox Resources is poised for significant growth in the gold sector.
For further insights into AU:RXL stock, check out TipRanks’ Stock Analysis page.